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November 9, 2009

BA plunges to £102 million loss, announces 1,200 new job cuts Claiming that "aviation remains in recession," British Airways posted a £102 million ($168.8 million) net loss in the fiscal second quarter ended Sept. 30 that pushed its first-half deficit to £208 million, a nearly fivefold deepening of the £42 million loss incurred during the year-ago period, when it lost £76 million in the quarter ended Sept. 30, 2008. [MORE] Foreign exchange gains push Air Canada to C$277 million profit Air Canada reported third-quarter net income of C$277 million ($260.2 million), reversed from a net loss of C$132 million in the prior-year period, noting that it was helped significantly by a C$295 million foreign exchange gain that compared to an C$87 million loss last year. [MORE] New Alitalia posts first operating profit Alitalia reported a €15 million ($22.3 million) operating profit in the third quarter, its first since the mid-January re-launch under new ownership with backing from Air France KLM. [MORE] AerCap, Aircastle post third-quarter profits, see signs of recovery AerCap Holdings and Aircastle Ltd., two midsized operating lessors, each reported solid third-quarter financial results and cited positive signals pointing toward a market recovery. [MORE] Other News Norwegian to raise around $45 million through share issue Thai guarantees 2010 profit Airbus confirms THY order for five A330s [MORE]

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